Tuesday, July 1, 2025

FINANCE

Feds Bust Gold Scam Run by Fake FBI Agent ‘Jon Stryker’

(Ken Silva, Headline USA) The FBI arrested a man last week who was allegedly involved a scam in which a phony FBI agent named “Jon Stryker” would bilk elderly victims out of their gold. Ramaraj Ganesan, 39, of California, faces charges of conspiracy to commit mail and wire fraud for...

House Sanctions of Bibi Arrest Effort Threaten Biden’s Celeb Fundraiser

(Headline USA) The House passed legislation Tuesday that would sanction the so-called International Criminal Court for requesting arrest warrants for Israeli Prime Minister Benjamin Netanyahu and other Israeli officials. The globalist organization, the legitimacy of which is not formally recognized by the United States or Israel, has ties to far-left...

Gold ETFs Globally Report Inflows for First Time in a Year

(Mike Maharrey, Money Metals News Service) Gold-backed exchange-traded funds (ETFs) reported net inflows of gold for the first time in 12 months in May. Funds based in Europe and Asia led the way as total gold holdings by ETFs globally rose by 8.2 tons. ETFs globally now hold 3,087.9 tons of...

Vietnamese Investors Rush to Buy Gold

(Mike Maharrey, Money Metals News Service) A little bit is the first step toward a lot. Now, imagine billions of people in Asia buying just a little bit of gold. That seems to be the trend. We’ve reported on young Chinese investors buying gold beans and gold flying off convenience store shelves...

$20,730 Per Pound of Food Spent in Failed Gaza Aid Scheme

(Ken Silva, Headline USA) About two weeks ago, the U.S.-built pier to Gaza was broken apart by strong winds and heavy seas just days after it became operational—the latest setback to a Biden administration boondoggle that faces criticism for failing to live up to its $320 million price tag. The pier had distributed...

Nobel-Winner Paul Krugman Ridiculed for Latest Economic Delusion

(Jacob Bruns, Headline USA) New York Times columnist Paul Krugman, a Nobel Prize-winning economist and notorious left-wing propagandist (whose work often casts serious aspersions on the once-prestigious award), penned a recent piece claiming that President Joe Biden's economy has been so vibrant that he should consider downplaying his success as an electoral...

As ‘Pride’ Month Critics Prevail, LGBT Activists Take Dark Turn to Doxxing

(Jacob Bruns, Headline USA) As part of a marketing gimmick for "Pride" month, an LGBT-friendly bakery in West Virginia is doxxing dozens of social-media posters by selling cookies with comments that the company deems critical of the gay agenda, along with the photos of the posters, LGBTQ Nation reported. Charleston's...

How Much Gold Is There In the World?

(Mike Maharrey, Money Metals News Service) How much gold is there in the world? The quick answer is not much - at least not relatively speaking. According to the World Gold Council, as of the end of 2023, around 212,582 tons of gold have been mined throughout history. About two-thirds...

Is There a Financial Crisis Bubbling Under the Surface?

(Mike Maharrey, Money Metals News Service) When the Federal Reserve started raising rates, it precipitated a financial crisis. The central bank managed to paper over the problem with a bailout program, but the crisis continues to bubble and percolate under the surface. According to the latest data from the FDIC,...

Silver Shines in the Precious Metals Market

(Money Metals News Service) Welcome to the Money Metals Midweek Memo, hosted by Mike Maharrey, where we discuss news and commentary related to sound money, precious metals markets, and the economy. Today's focus is on silver, often overshadowed by gold but currently experiencing significant gains and attracting investor interest. Silver's Recent Performance  Silver recently...

Central Banks Are Destroying Our Economies

(André Marques, Money Metals News Service) Central banks’ monetary policies are the most perverse government intervention. Their consequences are dire, last for a very long time, and people don’t perceive them as problems or don’t comprehend the damage they are doing. Monetary policy (monetary expansion and artificially low interest...

Congress Under Fire over ‘Ridiculous’ Reimbursement Program

Correction: An earlier version of this story mistakenly said Rep. Matt Gaetz was the largest beneficiary based on reporting from the Post that relied on old data. The Post subsequently issued a correction, although viewers using an archive site to circumvent the paywall may not have seen the updated...
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